Finance

Solarcentury acquires 400 MW PV pipeline in Latin America

The British solar firm has expanded its Latin American presence with the acquisition of 400 MW of ECOSolar’s utility-scale solar projects spread across five countries. Local team also expanded.

Solar corporate funding activity increases by 100% in Q1, finds Mercom Capital

Total corporate funding across the global solar industry reached $3.2bn in the first quarter of the year, which is a 100% increase on Q4 2016. This rise is largely due to increased debt financing activity, said Mercom Capital Group CEO Raj Prabhu.

NPC Incorporated swings to profit in first half of fiscal year ending 8/2017

The Japanese equipment provider reported a profit of JPY 151 million ($1.3 million) for the first half of the current fiscal year. Revenue grew 231.3% year-on-year to JPY 2,227 million ($20.0 million).

The pv magazine weekly news digest

No Trump, no Musk: just a week filled with excellent technological breakthroughs, encouraging acquisitions and market growth, and just a hint of Brexit-themed fake news. But the good kind.

Spending less, getting more: renewables more cost-effective than ever in 2016, finds UN report

The latest Global Trends in Renewable Energy Investment 2017 report by the UN Environment, Bloomberg New Energy Finance and the Frankfurt School-UNEP Collaborating Centre finds that while investment in clean energy fell last year, annual installations rose, revealing the cost-competitiveness of the sector.

Voltalia reports growth of revenue and operational profits for 2016

The French wind and solar power developer saw its turnover increase significantly last year. The company is completing the integration of Portuguese PV company Martifer Solar, which it acquired last summer.

Engie takes full control of solar and wind unit Compagnie du Vent

The French energy giant has acquired 100% of its renewable energy subsidiary Compagnie du Vent. The unit has installed over 500 MW of PV capacity to date.

Sunnova prepares for its first securitization

The $255 million offering makes Sunnova the latest distributed solar provider to offer securities backed by residential solar assets.

EIB extends €200 million loan for solar projects in India

In its largest ever support for solar power in Asia, the European Investment Bank (EIB) has confirmed a €200 million ($214 million) loan to the State Bank of India.

Sonnedix finalizes acquisition for 136 MW of Spanish solar capacity

The independent power producer is now the owner of the Vela Portfolio, which amounts to 136 MW of solar PV capacity across 43 Spanish sites, and has been sold by Centerbridge Partners.